ITC Ltd Long @ Rs. 183 only for long term holding

ITC
Entry 183
Target 260
SL 154.8
Stock is trading at CMP 183, It has formed a strong support at near 180. Below that there is also demand zone so looks very safe location
to invest. This is an long term buy and hold till FY 20-21 results, minimum 7-8 months. Analysis is done on weekly candles only for cash long term holdings. Stock has suppy zone at 208-210 which looks easy to break , then at 234 -245 is also supply zone. So we have given time to break the hurdle. company is in FMG segment which is least effected segment and will come out of all current financial crisis.

Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.